Ripple Launches RLUSD Stablecoin For Cross-Border Payments

August 29, 2024

Ripple Unicorn News - August 29, 2024

Ripple has introduced its first stablecoin, Ripple USD (RLUSD), pegged 1:1 with the US dollar. This strategic move aims to enhance cross-border payment solutions and re-establish Ripple's presence in the industry following its legal battle with the SEC.

( 00:00:00 ) Introduction

( 00:00:32 ) Ripple Enhances Cross-Border Payments with Launch of Stablecoin RLUSD

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Ripple has launched its first stablecoin, Ripple USD (RLUSD), which is pegged 1:1 with the US dollar. The stablecoin aims to enhance cross-border payments and is a strategic effort to re-establish Ripple's presence in the cross-border payments industry, particularly in the US, following its legal battle with the SEC. Ripple CTO David Schwartz highlighted RLUSD's importance to the company's cross-border payments solution.

Sources

1 https://www.forbes.com/sites/danielwebber/2024/08/28/what-is-stablecoins-place-in-the-future-of-cross-border-payments/

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